Looting Nigeria: Stashing Stolen Money in Western Banks

Tales of corruption in Nigeria are legion. Although it rightly receives massive press coverage, a little covered angle is the frequent involvement of Western banks in laundering stolen money from Nigeria abroad.  This is a video report regarding how Nigeria’s former ruler and his family stashed Nigeria’s money in foreign banks such as HSBC, Citibank, Natwest, Barclays and Merrill Lynch.


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  1. […] Nigeria is internationally famous for three things: oil, its Super Eagles football team, and its spectacular government corruption.  However, contrary to popular belief it is quite simply a myth that corruption is perpetrated mostly by the government.  Most Nigerians are paradoxically and simultaneously, accomplices, active participants, victims and agents provocateurs of corruption in their society. […]

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